Veneto Banca, Banca Popolare di Vicenza may merge in mid-2017 – report (translated)
30 OCT 2016
Veneto Banca and Banca Popolare di Vicenza, the Italian lenders controlled by bank rescue fund Atlante, could merge in mid-2017, Italian language daily Il Sole 24 Ore reported.
The unsourced report said both banks are looking to draw up industrial plans for 2017-2019 in the next two months that will prepare the ground for a merger. The two lenders will form a steering committee in the next two weeks to coordinate activities between them, it added.
The report said Atlante is the driving force behind the merger.